NORTH CAROLINA FREEENTERPRISE FOUNDATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- NORTH CAROLINA FREEENTERPRISE FOUNDATION (EIN 56-1782403)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-07-24
- IRS object ID
- 202332059349300713
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-07-24T09:10:45-04:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 561053187 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MADDISON & CAISON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 OBERLIN RD | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 276051136 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561782403 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH CAROLINA FREEENTERPRISE | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NORT | BusinessNameControlTxt |
| Phone | 9198968347 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 12406 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27605 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANNA BEAVON GRAVELY | PersonNm |
| Person Title | EXEC DIR | PersonTitleTxt |
| Phone | 9198968347 | PhoneNum |
| Signature | 2023-07-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ANNA BEAVON | PersonFirstNm |
| Person Last | GRAVELY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SUSAN GLENDENNING | PreparerPersonNm |
| PTIN | P00921817 | PTIN |
| Phone | 9198215482 | PhoneNum |
| Preparation | 2023-07-19 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MIKE RUSHER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 12406 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27605 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $273,278 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NCFREE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1992 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE INNOVATIVE EDUCATIONAL PROGRAMS, NON-PARTISAN POLITICAL RESEARCH, AND OBJECTIVE ANALYSIS TO FOSTER INFORMED CIVIC INVOLVEMENT, DEVELOP AN UNDERSTANDING OF THE FREE ENTERPRISE ECONOMY, AND STRENGTHEN NORTH CAROLINA'S PROSPEROUS BUSINESS ENVIRONMENT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $311,726 | PYContributionsGrantsAmt |
| CY Contributions Grants | $257,688 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $57,050 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $15,563 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2 | PYInvestmentIncomeAmt |
| CY Investment Income | $27 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $368,778 | PYTotalRevenueAmt |
| CY Total Revenue | $273,278 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $115,140 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $115,677 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $19,572 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $21,088 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $35,534 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $179,313 | PYOtherExpensesAmt |
| CY Other Expenses | $228,766 | CYOtherExpensesAmt |
| PY Total Expenses | $314,025 | PYTotalExpensesAmt |
| CY Total Expenses | $365,531 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $54,753 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$92,253 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $113,714 | TotalAssetsBOYAmt |
| Total Assets EOY | $120,068 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $29,434 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $130,304 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $84,280 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$10,236 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO PROVIDE INNOVATIVE EDUCATIONAL PROGRAMS, NON-PARTISAN POLITICAL RESEARCH, AND OBJECTIVE ANALYSIS TO FOSTER INFORMED CIVIC INVOLVEMENT, DEVELOP AN UNDERSTANDING OF THE FREE ENTERPRISE ECONOMY, AND STRENGTHEN NORTH CAROLINA'S PROSPEROUS BUSINESS ENVIRONMENT. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $277,866 | ExpenseAmt |
| Revenue | $15,563 | RevenueAmt |
| Desc | DIRECTED EDUCATIONAL PROGRAMS AND NON-PARTISAN POLITICAL RESEARCH TO FOSTER CIVIC INVOLVEMENT AND UNDERSTANDING OF THE FREE ENTERPRISE SYSTEM, INCLUDING CUSTOMIZED PRESENTATIONS TO VARIOUS COMPANIES AND ORGANIZATIONS, A VARIETY OF EVENTS LIKE POLITICAL BRIEFINGS FOR THE BUSINESS COMMUNITY AND PUBLIC, THE LAUNCH OF A NEW WEBSITE AND BRAND, AND A LEADERSHIP FORUM WITH STATE LEVEL DECISION-MAKERS AVAILABLE TO THE PUBLIC AND KEY STAKEHOLDERS IN THE BUSINESS COMMUNITY. | Desc |
| Total Program Service Expenses | $277,866 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (true) | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 5 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 1 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9198968347 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 12406 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27605 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| ANNA BEAVON GRAVELY | ||||||
| EXEC DIR | 40.00 | Yes (X) | $97,000 | $0 | $10,240 | |
| MIKE RUSHER | ||||||
| CHAIR-ELECT | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| CINDY MORGAN | ||||||
| CO-CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| BILL BROWN | ||||||
| CO-CHAIR | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| KRISTIN MORRIS | ||||||
| SECRETARY/TR | 5.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| BO BIGGS | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| GRANT BROOKS | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| JEFF BYROM | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| DREW ELLIOT | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| TRACY KIMBRELL | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| MICHAEL MCKNIGHT | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| TIM MINTON | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| RYAN MINTO | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| JAY ROUSE | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| CADY THOMAS | ||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $97,000 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $10,240 | TotalOtherCompensationAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Membership Dues | $105,688 | MembershipDuesAmt |
| All Other Contributions | $152,000 | AllOtherContributionsAmt |
| Total Contributions | $257,688 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LEADERSHIP LUNCHEON | 611710 | $12,600 | $12,600 |
| OTHER PROGRAM INCOME | 611710 | $2,963 | $2,963 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $15,563 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $27 | TotalRevenueColumnAmt |
| Exclusion | $27 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $273,278 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,563 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $27 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $107,241 | TotalAmt |
| Program Services | $79,358 | ProgramServicesAmt |
| Management And General | $18,231 | ManagementAndGeneralAmt |
| Fundraising | $9,652 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,436 | TotalAmt |
| Program Services | $6,243 | ProgramServicesAmt |
| Management And General | $1,434 | ManagementAndGeneralAmt |
| Fundraising | $759 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,350 | TotalAmt |
| Management And General | $3,350 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,088 | TotalAmt |
| Fundraising | $21,088 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,636 | TotalAmt |
| Program Services | $12,311 | ProgramServicesAmt |
| Management And General | $2,828 | ManagementAndGeneralAmt |
| Fundraising | $1,497 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $613 | TotalAmt |
| Program Services | $454 | ProgramServicesAmt |
| Management And General | $104 | ManagementAndGeneralAmt |
| Fundraising | $55 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $151,143 | TotalAmt |
| Program Services | $146,608 | ProgramServicesAmt |
| Management And General | $3,023 | ManagementAndGeneralAmt |
| Fundraising | $1,512 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,141 | TotalAmt |
| Program Services | $28,043 | ProgramServicesAmt |
| Management And General | $718 | ManagementAndGeneralAmt |
| Fundraising | $380 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,364 | TotalAmt |
| Program Services | $3,969 | ProgramServicesAmt |
| Management And General | $912 | ManagementAndGeneralAmt |
| Fundraising | $483 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROFESSIONAL DEVELOPMENT | $14,410 | $14,410 | ||
| BAD DEBT | $6,000 | $6,000 | ||
| BANK FEES | $987 | $168 | $730 | $89 |
| PAYROLL FEES | $918 | $918 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $204 | TotalAmt |
| Program Services | $150 | ProgramServicesAmt |
| Management And General | $35 | ManagementAndGeneralAmt |
| Fundraising | $19 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $365,531 | TotalAmt |
| Program Services | $277,866 | ProgramServicesAmt |
| Management And General | $52,131 | ManagementAndGeneralAmt |
| Fundraising | $35,534 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,186 | BOYAmt |
| EOY | $99,941 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,633 | BOYAmt |
| EOY | $2,019 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,290 | BOYAmt |
| EOY | $15,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $962 | BOYAmt |
| EOY | $2,829 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $4,158 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,158 | LandBldgEquipAccumDeprecAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,643 | BOYAmt |
| EOY | $279 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,714 | BOYAmt |
| EOY | $120,068 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,434 | BOYAmt |
| EOY | $80,304 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $50,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,434 | BOYAmt |
| EOY | $130,304 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,280 | BOYAmt |
| EOY | -$10,236 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,280 | BOYAmt |
| EOY | -$10,236 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,714 | BOYAmt |
| EOY | $120,068 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$92,253 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$2,263 | PriorPeriodAdjustmentsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | Yes (true) | AccountantCompileOrReviewInd |
Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | false | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $267,992 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $179,350 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $203,550 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $311,726 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $257,688 | CurrentTaxYearAmt |
| Total | $1,220,306 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $267,992 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $179,350 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $203,550 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $311,726 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $257,688 | CurrentTaxYearAmt |
| Total | $1,220,306 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $390,784 | SubstantialContributorsTotAmt |
| Public Support Total170 | $829,522 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $73 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $116 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $25 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $27 | CurrentTaxYearAmt |
| Total | $243 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,220,549 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $116,313 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.67960 | PublicSupportCY170Pct |
| Public Support PY170 | 0.67700 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,158 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,158 | DepreciationAmt |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Agrmt Prof Fundraising Acty | Yes (true) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RACHEL LEE BRADY | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9025 LINSLADE WAY | AddressLine1Txt |
| City | WAKE FOREST | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27587 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CONSULTANT | ActivityTxt |
| Fundraiser Control Of Funds | false | FundraiserControlOfFundsInd |
| Gross Receipts | $82,838 | GrossReceiptsAmt |
| Retained By Contractor | $21,088 | RetainedByContractorAmt |
| Net To Organization | $61,750 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $82,838 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $21,088 | TotalRetainedByContractorsAmt |
| Total Net To Organization | $61,750 | TotalNetToOrganizationAmt |
| Licensed States | NC | LicensedStatesCd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | TO PROVIDE INNOVATIVE EDUCATIONAL PROGRAMS, NON-PARTISAN POLITICAL RESEARCH, AND OBJECTIVE ANALYSIS TO FOSTER INFORMED CIVIC INVOLVEMENT, DEVELOP AN UNDERSTANDING OF THE FREE ENTERPRISE ECONOMY, AND STRENGTHEN NORTH CAROLINA'S PROSPEROUS BUSINESS ENVIRONMENT. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE RETURN IS REVIEWED AND APPROVED BY THE BOARD CHAIR AND EXECUTIVE DIRECTOR PRIOR TO FILING. A COPY OF THE FILED RETURN IS PROVIDED TO ALL BOARD MEMBERS AT THE NEXT BOARD MEETING FOLLOWING FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | BOARD MEMBERS ARE REQUIRED TO READ CONFLICT OF INTEREST POLICY ANNUALLY AND SIGN DISLOSURE STATEMENT. |
| FORM 990, PAGE 6, PART VI, LINE 15A | COMPENSATION FOR TOP MANAGEMENT IS DETERMINED BY A COMMITTEE OF THE BOARD OF DIRECTORS AND ESTABLISHED BASED ON COMPARABLE DATA FROM INDEPENDENT SOURCES |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | PRIOR PERIOD ADJUSTMENT TO RECORD CHANGES TO NET INCOME FOR 2020 AND 2021 AFTER EXTERNAL REVIEW OF FINANCIAL STATEMENTS. |